Naira closes at N374.25/$1 on investors' FX window

A day after the Central Bank of Nigeria (CBN) said it would allow investors to trade naira at market determined rates, the local currency was quoted at N374.25 per dollar on the new foreign exchange trading window introduced by the apex bank last Monday for portfolio investors, data on market regulator FMDQ OTC Securities Exchange showed. The naira closed 18.3 per cent weaker compared with the interbank rate. It was quoted at N305.95 to the dollar on the spot interbank market and N385 per dollar on the parallel market. Although...The post Naira closes at N374.25/$1 on investors' FX window appeared first on New Telegraph Newspapers.
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